PART 2Amendment of primary legislation
Consequential amendments to the Financial Services (Banking Reform) Act 20133
1
The Financial Services (Banking Reform) Act 20138 is amended as follows.
2
In section 41(2)(d) (meaning of “payment system”), after “recognised clearing house” insert “or a recognised CSD”.
3
In section 112(2)(b) (interpretation: infrastructure companies) omit “operating a securities settlement system”.
4
In section 115(1A) (objective of FMI administration) omit “operating a securities settlement system”.